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slash Wall Street.

The defense rests in Donald Trump's hush money trial without the former president's testimony.

Plus, the US tries to convince Europe to follow it in placing tariffs on Chinese exports, and how one country cracked the

code on reinforcing its military by putting conscription out of reach for all but the very best.

Sweden turns away thousands of young people every year

who are motivated and in other countries

probably also qualified to join the military.

And this strengthens not only the quality of soul- the military standing in society. It's

the quality of soldier you get, but also the military standing in society.

It's Wednesday, May 22nd.

I'm Luke Vargas for the Wall Street Journal and here is the AM edition of

What's News? The top headlines and business stories moving your world today.

And we begin in markets where everything from stocks to gold

continue to notch fresh records this week.

U.S. stock indexes are all up about 5% this month, with any worries about a potential economic

slowdown seemingly in the rearview mirror for many investors, so much so that even risky junk bonds are getting swept up in the rally as

market's reporter Anna Hurtenstein explains. We saw the first inflows since

2020. This is also meant that bond sales are up and the premium between safer

treasuries and junk bonds has gone down to close to a pandemic error low.

...